$325,000 Price Reduction!!! The property is fully occupied and currently offered at a 11.58 GRM and 5.87 CAP rate, at CURRENT RENTS! Roque & Mark Co. is pleased to represent this well maintained 6-unit apartment building in the Ocean Park neighborhood of Santa Monica. This property is only 6 blocks to Main St. and 8 blocks to the beach. The front unit is a huge 3 bedroom + 3 baths "Owner's Unit" that is approx. 2,000 sf. It has a private, 4 car oversized attached garage with additional driveway parking. Excellent unit mix consisting of (1) 3 beds + 3 baths, (3) 2 beds + 2 baths, and (2) 1 bed + 1 bath + bonus room. The bonus rooms function like a bedroom, just without a closet. The entire building has upgraded dual paned windows. 5 additional parking spaces located off the alley. Every unit has a reserved parking space. All soft-story retrofitting and balcony inspections have been completed. Several units have been luxuriously upgraded. For investors, this is an opportunity to acquire a solid, well-located coastal multifamily asset with lasting appeal and upside potential in an area known for high barriers to entry and enduring desirability. This is a quiet street despite its close proximity to shops, cafes, and restaurants. Subject to City of Santa Monica rent control.
Multi-familyProperty Type
1973Year Built
6,594 sq ftLot Size
$367Price/Sq.Ft.
4 garage spacesParking
Listed by David Schuchman•DRE #01472937• Roque & Mark Company, Inc.
•310-903-7706 (agent)
•david@roque-mark.com (agent)
Bought with James Keady•DRE #01943024• CB Richard Ellis, Inc.
This Zoning District is intended to provide areas for a variety of low-density housing types. These include single-unit housing, duplexes, triplexes, low-scale multi-unit housing, townhouses, and courtyard housing with at least one unit for each 2,000 square ft of parcel area, exclusive of State density bonus. Accessory dwelling units and junior accessory dwelling units are also permitted. In addition to low density residential development, this District provides for uses such as transitional housing or hospice facilities, family day care, and neighborhood serving uses such as childcare, neighborhood grocery stores, and community facilities that may be appropriate in a residential environment.
Permitted uses
Include but are not limited to:
Garden center
Housing-Multiple units
Housing-Senior
Housing-Other
Infrastructure
Recreation
Transportation-Other
Park & open space
May 11, 2026 • Final
Residential building
Gas
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Garage
4+ Car Garage, Garage Is Attached, Carport
# of Garage Spaces: 4
Parking
# of Parking Spaces (Total): 11
# of Carport Spaces: 5
# of Open Other Spaces: 2
Interior
Laundry Information
Community Laundry
Interior Features
Windows: Double Pane Windows
Equipment
Built-Ins, Dishwasher, Garbage Disposal
Heating & Cooling
No Cooling
Electric Heat
Water Heater Features: Central Water Heater
Multi-Unit Income
Gross Income: 228816
Gross Operating Income: $224,240
Net Operating Income: $155,469
Multi-Unit Expenses
Total Annual Expense: $68,771
Multi-Unit Other Financial Information
Rent Control: 100
Cap Rate: 5.87
Gross Rent Multiplier: 11.58
Vacancy Allow %: 2
Scheduled Actual: Actual
Multi-Unit Information
Owner Pays: Water
Tenant Pays: Electric
Unit Type Type: 1, 2, 3, 4, 5, 6
Type Of Units: Apartment
# of Buildings: 1
Laundry Equipment: Own
Unit 1 Information
# of Beds: 3
# of Baths: 3.00
Rent: $5,227
Projected Rent: $5,227
Actual Rent: $5,227
# of Units: 1
Unit 2 Information
# of Beds: 1
# of Baths: 1.00
Rent: $1,587
Projected Rent: $1,587
Actual Rent: $1,587
# of Units: 1
Unit 3 Information
# of Beds: 2
# of Baths: 2.00
Rent: $2,995
Projected Rent: $2,995
Actual Rent: $2,995
# of Units: 1
Unit 4 Information
# of Beds: 2
# of Baths: 2.00
Rent: $2,995
Projected Rent: $2,995
Actual Rent: $2,995
# of Units: 1
Unit 5 Information
# of Beds: 2
# of Baths: 2.00
Rent: $3,295
Projected Rent: $3,295
Actual Rent: $3,295
# of Units: 1
Unit 6 Information
# of Beds: 1
# of Baths: 1.00
Rent: $2,895
Projected Rent: $2,895
Actual Rent: $2,895
# of Units: 1
Exterior
Building Information
Total Floors: 2
Multi Levels
Faces North
Exterior Features
Other Structural Features: Balcony
Property Information
Land Lease Type: Fee
Property Type: Residential Income
Land Information
Other Structures: None
Lot Information
Lot Size (Sq. Ft.): 6,594
Lot Size (Acres): 0.1514
Zoning: SMR2*
Lot Location: Alley Access
Property Features
Has View
View: City
Alley: True
Financial
Assessment Information
Assessor Parcel Number: 4284-008-011
Tax Information
No Mello-Roos Tax
Lease Information
Tenant Pays: Electric
Utilities
Utility Information
Sewer: In Street
Water: District/Public
Location
Community Information
# of Units in Complex (Total): 6
Location Information
Directions: North of Ocean Park Blvd in Santa Monica.
Cross Streets: Lincoln Blvd and Maple St.
Public facts
Beds: 11
Baths: 11.0
Sq. Ft.: 6,882
Stories: —
Lot Size: 6,594 square feet
Style: Multi-Family (5+ Unit)
Year Built: 1973
Year Renovated: 1973
County: Los Angeles County
APN: 4284008011
Home facts updated by county records on Oct 6, 2026
Other
Documents & Disclosures
Disclosures: None
Around this home
Schools
John Muir Elementary School
Public K-5 • Assigned • 0.3mi
John Adams Middle School
Public 6-8 • Assigned • 0.5mi
6/10
Santa Monica High School
Public 9-12 • Assigned • 0.7mi
9/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 80° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
4/10 Air Factor
5 unhealthy days expected this year, 6 days in 30 years
Provided by First Street
Historical weather
Santa Monica, CA • 90405
Average low and high temperatures (°F)
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64
52
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Sun exposure
81/ 100
Very good sunlight
Sunscore
This home ranks in the top 26% for direct sun exposure in Santa Monica. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.